collected by :kiven Dixter
Gold prices edged lower on Saturday, marking the first decline after three consecutive days. Gold prices in Delhi fell by Rs 40 to Rs 31,650 per 10 grams at the bullion market. The gold prices, said traders, were driven by a weak trend overseas amid easing demand from local jewellers. Gold prices had gained by Rs 330 per 10 grams in the national capital from Wednesday to Friday. What dollar weakness means: Weakness in the dollar tends to lift gold, making the greenback-priced metal cheaper for non-US investors.
Gold prices edged lower on Saturday, marking the first decline after three consecutive days. Gold prices in Delhi fell by Rs 40 to Rs 31,650 per 10 grams at the bullion market. The gold prices, said traders, were driven by a weak trend overseas amid easing demand from local jewellers. Gold prices had gained by Rs 330 per 10 grams in the national capital from Wednesday to Friday. What dollar weakness means: Weakness in the dollar tends to lift gold, making the greenback-priced metal cheaper for non-US investors.
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